China makes a full assessment of the U.S Supreme Court's tariff ruling
發佈日期: 2026-02-23 20:37
TVB News
The Chinese commerce ministry has said in a statement that China is making a "full assessment" of the US Supreme Court's tariff ruling and urged Washington to lift "relevant unilateral tariff measures" on its trading partners.
This as the South Korean trade minister held a meeting Monday to assess sectoral impacts and discuss response strategies after Trump's sweeping tariffs were stuck down by the court.
China's comments come days after the highest U.S. court dealt US President Donald Trump a stinging defeat by striking down many of the tariffs he has used in a global trade war, including some against China.
Trump responded by ratcheting up global tariffs to 15 percent based on another piece of legislation.
Su Xiaohui, an associate research fellow at China Institute of International Studies said "This outcome reflects the reality: The United States' extreme tariff policy harms others as well as itself. It has sparked widespread controversy domestically and further intensified (political) division."
Speaking on Fox News Sunday on the Supreme Court ruling, U.S. Treasury Secretary Scott Bessent called the ruling narrow. "First, this ruling was a very narrow (Supreme Court) ruling in terms of the president's ability to use IEEPA (International Emergency Economic Powers Act) to collect revenues. The Supreme Court said the president can put in a full embargo, but he cannot collect $1. So the president still has the most draconian measure for negotiations, and that under Sections 232, Sections 301, we're already collecting substantial tariff revenue. The IEEPA tariffs are going to be replaced in three days with the Section 122."
This as South Korean Trade Minister Kim Jung-kwan held a public-private joint meeting early Monday to assess sectoral impacts and discuss response strategies over the U.S. tariffs.
In his opening remarks Kim said the South Korean and U.S. governments had agreed to continue amicable consultation in order to minimise potential impact the new global tariffs might have on South Korean companies.
Kim also asked the private sector to work closely with the government to strengthen export competitiveness and diversify market, as it would be difficult to predict how the U.S. tariff measures would unfold.
